GoComet, a Singapore-headquartered logistics resource management SaaS platform, announced that it has raised a US$2.2 million (S$3 million) in a Series A funding round. The funding was led by Leo Capital, with participation from SGInnovate and August One, as well as existing investors India Quotient.
GoComet uses deep learning algorithms to operate its logistics resource management (LRM) SaaS platform. The platform aims to reduce costs, save time, optimise operations, and increase deal transparency and efficiencies for enterprises’ freight procurement processes.
GoComet is co-founded by Gautam Jain, Ayush Lodhi, Mehul Katiyar, and Chitransh Sahai, all alumni of the Indian Institute of Technology, Delhi.
GoComet claimed that its platform has processed more than 19,680 tonnes of air freight, and 84,000 containers, estimated to have saved over S$27 million (US$20 million) for its customers.
“Until now, the global international logistics industry has been plagued with inefficiency and opacity. Our platform raises the level of innovation and technology within the industry, bringing it in line with other major sectors. We’re also looking for top talent to help us achieve this,” said Chitransh Sahai, Co-Founder & Director, GoComet.
GoComet also operates in India, Thailand, Indonesia, Dubai, and Saudi Arabia. The company is in the process of expanding rapidly into other primary markets in Southeast Asia.